10/19/17 – Thursday’s Interest-ing Reads

  • "It’s able to create knowledge itself": Google unveils AI that learns on its own (theguardian)
  • Bankrolling the Big Short (institutionalinvestor)
  • "Psychopath" Hedge Fund Managers Make Less Money: Being manipulative and mean isn’t the secret to success, a new study by two psychology professors says. (bloomberg)
  • It’s a Fact: Supreme Court Errors Aren’t Hard to Find (propublica)
  • Beneath the Market Rally: A Lot Less Trading. Low volatility, rise of passive funds and lack of market-moving news have kept many investors on sidelines (wsj)
  • How Scientists Watched the Stars Collide (bloomberg)
  •  The Supreme Court Is Allergic To Math (fivethirtyeight)
  • How to Tell the Truth (a16z)
  • How to Invest At All-Time Highs&#xA0 (bloomberg)
  • Shiller: A Stock Market Panic Like 1987 Could Happen Again&#xA0 (nytimes)
  • These Americans Were Tricked Into Working For Russia. They Say They Had No Idea. (buzzfeed)

10/18/17 – Wednesday’s Interest-ing Reads

  • The Yen and Japanese Stocks Are Breaking Up (MoneyBeat)
  • Emerging Market Bonds Are on a Roll. But How High Is the Risk? (nytimes)
  • Step Inside the Silicon Valley of Agriculture (nationalgeographic)
  • Yankees built for many Octobers to come (espn)
  • Good riddance to this f***ing con man (Business Insider)
  • New legislative strategy for Mnuchin: Threats (Politico)
  • Google and Goldman Sachs are all in on blockchain (CNBC)
  • Robots Are Coming for These Wall Street Jobs (bloomberg)
  • Judgment Day: Harvey Weinstein Scandal Could Finally Change Hollywood’s Culture of Secrecy (variety)
  •  "Beautiful Girls" Scribe Scott Rosenberg On A Complicated Legacy With Harvey Weinstein (deadline)
  • Soros transfers $18 billion from his family office into his foundation (New York Times)
  • The war to sell you a mattress is a nightmare (Fast Company)
  • The poor suffer most from climate change (ft)
  • JPMorgan makes its first big Fintech acquisition (Wall Street Journal)
  • Netflix plans to spend $8 billion to make its library 50 percent original by 2018 (theverge)
  • A Fund Family That’s Taken a Lot but Delivered Little: Stadion hauled in almost as much in fees ($115 million) as its shareholders reaped in income and gains ($160 million) over its lifetime (beta.morningstar)
  • Risk Perception vs. Risk Profile (awealthofcommonsense)
  • Smartphones Are Killing Americans, But Nobody’s Counting (bloomberg)
  • "There is a fine line between admiration and jealousy. We love watching people succeed, but not too much." (Irrelevant Investor)

10/17/17 – Tuesday’s Interest-ing Reads

  • Funds That Can Put Your Investments on a Low-Carbon Diet (nytimes)
  • Morgan Stanley smashes estimates on strength in wealth management (REUTERS)
  • Google is essentially building an anti-Amazon alliance, and Target is the latest to join (recode)
  • Americans are willing to pay $177 a year to avoid climate change (vox)
  • The Money-Losing Volatility Trade That Hedge Funds Can’t Resist (Bloomberg)
  • Black Monday was a 25-sigma event (Price Action Lab)
  • Echoes of Black Monday (bloomberg)
  • Japan’s Back, Baby (institutionalinvestor)
  • Why Puerto Rico’s Electric Grid Stood No Chance Against Maria (fivethirtyeight)
  •  Neutron-Star Collision Shakes Space-Time and Lights Up the Sky (quantamagazine)
  • The feedback on my Own The Robots post has been explosive. Read it here ICYMI: (TRB)
  • One person’s history of Twitter, from beginning to end (medium)
  •  Your Next Home Could Run on Batteries (wsj)
  • Victor Haghani: What didn’t happen on Black Monday (Elm Funds)
  • Goldman Sachs crushes earnings estimates by almost a dollar (Business Insider)
  • Wells Fargo financial advisors don’t know how volatility ETFs work (Wall Street Journal)
  • Stadion Funds has collected almost as much in fees as it has delivered in gains and income for more than a decade. (Morningstar)
  •  Send Mitt Romney to Puerto Rico: The island needs an adviser to navigate Washington, Wall Street and an uncertain future. He’s perfect (slate)
  • Fed’s John Williams: The data under-represents the strength of the economy (New York Times)
  • The World Once Laughed at North Korean Cyberpower. No More. (nytimes)
  • Electric Car vs. Winter (mrmoneymustache)
  • Advice for aspiring traders: Buy what’s already going up (Irrelevant Investor)
  • Tony: Transferring risk won’t make it disappear (Investment News)
  • Why, Oh Why, Can’t We Have a Decent Stock Bubble? (wsj)
  • The Crash of ’87, From the Wall Street Players Who Lived It&#xA0 (bloomberg)
  • Gravitational Wave Astronomers Hit Mother Lode (scientificamerican)
  • How Google’s Quantum Computer Could Change the World (Wall Street Journal)
  • Blockchain expert pens open letter to Jamie (Chain)

10/16/17 – Monday’s Interest-ing Reads

  • Why Surge Prices Make Us So Mad: What Springsteen, Home Depot and a Nobel Winner Know (nytimes)
  • Revenue growth for the advisory biz slows down, comp requirements go up (Investment News)
  • Even Pokémon Go was used by Russian-linked meddlers in U.S. election (money.cnn)
  • Black Monday 2.0: The Next Machine-Driven Meltdown (barrons)
  • China Plots What’s Next as Influence on Global Markets Grows (Bloomberg)
  • Poll: Majorities of Both Parties Favor Increased Gun Restrictions (npr)
  • China Hastens the World Toward an Electric-Car Future (nytimes)
  • Silicon Valley Is Not Your Friend: We are beginning to understand that tech companies don’t have our best interests at heart. Did they ever?&#xA0 (nytimes)
  • Fred Wilson on crypto currency asset allocation (I know, LOL) (A VC)
  • A Corporate Tax Cut Isn’t Just a Giveaway to the Rich (Bloomberg View)
  • PayPal’s market cap eclipses American Express (Wall Street Journal)
  • Ivy League Endowments Humbled as Bull Market Beats Esoterica (Bloomberg)
  • Silicon Valley wants its own stock exchange with different rules (Wall Street Journal)
  • Some Clarity on Risk Parity (Bloomberg View)
  • Ben explains the economics of having twins (A Wealth Of Common Sense)
  • It’s been 602 days since last 10% decline for the S&P 500 (Fundamentalis)
  • Blackstone is pushing aggressively into private-equity products for retail investors (wsj)
  • When a $1 Million Painting Is a Bargain (bloomberg)
  • This was the greatest behavioral hack in investment history (MoneyBeat)
  • Yo would you give your house keys to Walmart so they could unload groceries for you? (Grub Street)
  • Does Monet Beat the Dow? How Artworks Perform as an Investment (bloomberg)

10/13/17 – Friday’s Interest-ing Reads

  • Understanding What Makes Vanguard So Successful&#xA0 (bloomberg)
  • Michael Covel talks with Rob Arnott about some rules to live by. (trendfollowingradio)
  • Barry Ritholtz talks with Fred Fox of Weather Planalytics. (ritholtz)
  • Tim Ferriss talks about some of lessons he has learned about investing. (tim.blog)
  • Stiglitz: Déjà Voodoo (project-syndicate)
  • Shane Parrish talks with Ray Dalio author of the new book "Principles: Life and Work." (farnamstreetblog)
  • Danny Meyer of Shake Shack ($SHAK) fame on hospitality. (cbsnews)
  • Meb Faber talks risk with Michael McDaniel CIO of Riskalyze. (mebfaber)
  • The Huge News Wal-Mart Didn’t Make About Wages (investors)
  • Jerry Parker sits down with Michael Covel to talk trend following strategies. (trendfollowingradio)
  • Two pros talking; Bill Simmons talks with Marc Maron. (art19)
  • Vintage photos taken by the EPA reveal what America looked like before pollution was regulated (businessinsider)
  • Jack Dorsey returned to Twitter two years ago — but he still hasn’t saved the company (recode)
  • Russ Roberts talks with Robert Wright author of "Why Buddhism Is True: The Science and Philosophy of Meditation and Enlightenment." (econtalk)
  • Tim Ferriss talks with Richard Branson about his new memoir " Finding My Virginity." (tim.blog)
  • Uber, Lyft reduce transit use, increase vehicle miles, report says (sfgate)
  • Should the German economy serve as a role model for the US? (freakonomics)
  • The New Rules That Could Make ETFs Unstoppable (bloomberg)
  • How Israel Caught Russian Hackers Scouring the World for U.S. Secrets (nytimes)
  • Where are all the women in economics? (bbc)
  • The Panama Canal’s Big Bet Is Paying Off (wsj)
  • Russ Roberts talks with Tim O’Reilly author of "WTF? What’s the Future and Why It’s Up to Us." (econtalk)

10/12/17 – Thursday’s Interest-ing Reads

  • Lessons learned from reading every Amazon ($AMZN) annual report. (medium)
  • Some schools are ditching the idea of valedictorians. (wsj)
  • The world seems like it is utter chaos: why is the stock market still surging? (bloomberg)
  • Why do so many high profile hardware startups fail? (medium)
  • Startup: consumer-level fractional battery ownership (weforum)
  • Half the universe’s missing matter has just been finally found (newscientist)
  • Weekly initial unemployment claims fell last week. (calculatedriskblog)
  • The Frightful Five Want to Rule Entertainment. They Are Hitting Limits. (nytimes)
  • The odds are stacked against angel investors. (medium)
  • VCs are making bigger investments in fewer companies. (recode)
  • "It is important that the VC invest in companies that have the potential to “return the fund” because they need every investment to have the possibility to be a big winner." (medium)
  • Bad news: Your 401(k) won’t give you a decent retirement (latimes)
  • There is no standardized way for mutual funds to value their startup shares. (wsj)
  • "Today’s seed rounds are yesterday’s Series A rounds, and pre-seed is the old seed." (axios)
  • Who ever said 2&20 is dead? (dealbreaker)
  • What should we make of the ‘relentless bid’ in this market? (jlfmi.tumblr)
  • David Blair, "Every moment in the market is unique." (thecrosshairstrader)
  • Build vs. buy is really about now vs. later. (saastr)
  • Crowdfunding offerings are relying on celebrities to sell shares. (wsj)
  • Female MBA students are wary of entering the tech sector. (ft)
  • When PE gets interested in SaaS startups. (davidcummings)
  • The activist trade is getting crowded. (ft)
  • A half dozen lessons about achieving the right burn rate. (25iq)
  • The upside of pitching without a deck. (avc)
  • How to transform a VC fund capital base from individuals to institutions. (blog.semilshah)
  • Uber Pushed the Limits of the Law. Now Comes the Reckoning (bloomberg)
  • On the future of active management. (pragcap)
  • The US has a huge gap between its needs and our ability to get anything done. (bloomberg)
  • Does The New Tax Proposal Penalize 401(k) Plans? (tonyisola)
  • Suburban offices are making a comeback. (bloomberg)
  • Ray Dalio: How Bridgewater Will Succeed Without Me (ai-cio)
  • Passive Powers BlackRock to Nearly $6 Trillion in Assets (wsj)
  • Four lessons learned on VC fund management. (blog.semilshah)
  • On the importance of short-term rates for hedge funds. (valuewalk)
  •  How To Make $5,300 In Commissions on a $43,000 Retirement Account (tonyisola)
  • The many reasons why scaling a company is difficult. (blog.asmartbear)
  • Harry Stebbings talks with Michael Dearing of VC Harrison Metal. (thetwentyminutevc)
  • Why traders should take a break, or mental health day, whenever they need it. (martinkronicle)
  • The performance of the NIkkei and the the Japanese Yen are diverging. (themacrotourist)
  • What characteristics PE looks for in SaaS startups. (saastr)
  • Some tips for dealing with empty nest syndrome. (ft)
  • A lower cost of living makes more entrepreneurial dreams an option. (venturebeat)
  • First Evidence That Online Dating Is Changing the Nature of Society (technologyreview)

10/11/17 – Wednesday’s Interest-ing Reads

  • Photos of California’s Destructive Santa Rosa Wildfires (theatlantic)
  • Vanguard’s momentum is simply breathtaking. (wsj)
  • Why is it so hard to ditch Apple, Amazon, Google and Facebook? (wired.co.uk)
  • Economic disruptions disproportionately affect small cities. (nytimes)
  • This is how to change a Brexit voter’s mind: Post-rationalization, selective perception and confirmation bias are in the way (independent.co.uk)
  • Social Security: Why don’t more people wait to claim benefits at age 70? (usatoday)
  • Momentum is the leading US factor over the past year. (capitalspectator)
  • Family offices risk getting in over their head with alts. (awealthofcommonsense)
  • How Americans differ by age cohort. (visualcapitalist)
  • Is the lack of ‘cowboys’ helping to cause low market volatility? (thereformedbroker)
  • How behavioral finance has changed how we design retirement plans. (blogs.wsj)
  • Episode 3 of Hash Power is up with a look at the complex future of the blockchain. (investorfieldguide)
  • Much can we trust the research on the value of financial advisors? (kitces)
  • What to do when your 401(k) plan is wanting. (humbledollar)
  • Adam Rogers, "Cities are not immortal. Economics and wars can kill them, but so can storms and fires. That’s especially true if cities aren’t built to resist—if cities are built in ways that make the change worse instead of fighting it." (wired)
  • The Plot to Overthrow the All-America Research Team (institutionalinvestor)
  • You always have to pay yourself first. (humbledollar)
  • Two characteristics that successful advisors have. (danielsolin)
  • If you’ve won the retirement savings game, stop playing. (humbledollar)
  • The perceived (and actual) value of an advisor’s services can be very different. (onepercentdecisions)
  • Ten questions about estate planning. (humbledollar)
  • Four negative signs for American retirement. (beta.morningstar)
  • How Earthworms Discovered America (bloomberg)
  • A 529 plan flowchart. (alphaarchitect)
  • Why does FINRA have an investment portfolio? (alphabaskets)
  • How the New Math of Gerrymandering Works (nytimes)
  • The retirement crisis is above all a women’s crisis. (economist)
  • Amazon ($AMZN) just introduced a waterproof Kindle Oasis. (engadget)
  • Four lessons the asset management industry can learn from insurance? (blogs.cfainstitute)
  • The Russell 2000 just keeps chugging higher. (quantifiableedges)
  • A reminder that small changes at a huge operation can yield significant savings. (cnbc)
  • The blockchain is emotional for financial incumbents. (fortune)
  • Honeywell ($HON) to split into two companies. (wsj)
  • Why the Apple ($AAPL) Genius Bar is different. (slate)
  • The Nikkei is at a 21-year high. (nytimes)
  • On the danger of solely focusing on dividend yields. (blog.alliancebernstein)
  • The US military is revamping its retirement plan. (wsj)
  • Is there a big money manager left who doesn’t have a robo-advisor solution? (qz)
  • Tech is changing the geographic nature of the investment management industry. (cfapubs)
  • Four positive signs for American retirement. (beta.morningstar)
  • The suburbs and cities are converging. (bloomberg)
  • Why you should get a flu shot. (popsci)
  • A decade in charts: U.S. stocks prove their long-term value (ft)
  • Blackrock ($BLK) now manages nearly $6 trillion in assets. (bloomberg)

10/10/17 – Tuesday’s Interest-ing Reads

10/09/17 – Monday’s Interest-ing Reads

  • A closer look at ESG ETFs. (barrons)
  • Fidelity is unique in its experimentation with Bitcoin mining. (fortune)
  • A report on global trends in institutional ETF trading. (janestreet)
  • How technology is set to change the ETF business. (pwc)
  • “I have yet to see anyone shy away from a sensible investment because of the tax rate on the potential gain.” (New York Times)
  • Fifty-four percent of Americans want political leaders in Washington to compromise to get things done. (Gallup)
  • How Thaler changed Cass Sunstein’s life. (bloomberg)
  • Lessons of Leonardo: How to Be a Creative Genius (wsj)
  • The stock market in 2017 is on track for a unique outcome. (bloomberg)
  • New office buildings are filled with sensors. (wsj)
  • The Top-Performing Sustainable Funds (barrons)
  • ETF trading volume has slowed. (blogs.wsj)
  • Wall Street Firms Gambled on Puerto Rico. They’re Losing. (New York Times)
  • How "Blade Runner 2049" Rewrites Business History (bloomberg)
  • How American Funds has stopped asset outflows. (wsj)
  • Amazon Could Be Your Lender, Too (bloomberg)
  • What will be the next equity product type to lead the growth of ETF product development? (alphaarchitect)
  • You can’t choose an ETF based on price alone. (marketwatch)
  • "It’s easy to back up just about any stance on the markets based on how you present your data." (A Wealth Of Common Sense)
  • Global Economy’s Stubborn Reality: Plenty of Work, Not Enough Pay (nytimes)
  • Texas Officials After Harvey: The "Red Cross Was Not There" (propublica)
  • We’re all behavioral economists now. (behavioralscientist)
  • Putting liquidity into context for mutual funds and ETFs. (wsj)
  • Richard Thaler wins the Nobel Prize for his behavioral economics work (Guardian)
  • Managed futures ETFs have been a disappointment. (cxoadvisory)
  • Rules of the Gun Debate: The rules for discussing firearms in the United States obscure the obvious solutions (theatlantic)
  • Foreigners Flocking to Stocks in China (Wall Street Journal)
  • There are no shortcuts in the ETF business. (bloomberg)
  • How Jason Kottke appeared as an extra on "Halt and Catch Fire." (kottke)
  • Island reversals: you can pretty much ignore them. (priceactionlab)
  • Terrorists army surrenders en masse (New York Times)
  • Momentum ETFs are laggards, asset-wise, on among investors. (theirrelevantinvestor)
  • Americans Want Jobs, Not Low-Paying Hourly “Work”: The economy is too strong for employers to be offering seasonal work at $14 per hour (slate)
  • Tom Steyer: I’m a billionaire. Please raise my taxes.&#xA0 (latimes)
  • Anatomy of a Stock-Market Crash (wsj)
  • University of Chicago economist Richard Thaler wins the Nobel Memorial Prize in Economic Science. (nytimes)
  • The ETF structure is a outgrowth of the 1987 stock market crash. (wsj)
  • The Thaler win of a Nobel Prize in Economics is "easy to understand." (marginalrevolution)
  • What companies are vulnerable to a Bitcoin crash? (wsj)
  • Humility goes hand-in-hand with curiosity. (heleo)

10/08/17 – Sunday’s Interest-ing Reads

  • The world’s largest money managers, visualized. (visualcapitalist)
  • Peter Chernin is gearing up for a time when sports betting is legal. (wsj)
  • What CEOs had to say about the economy this week. (avondaleam)
  • The iPhone X is not without its risks. (aboveavalon)
  • Insanely Concentrated Wealth Is Strangling Our Prosperity (evonomics)
  • How MoviePass changes the movie-going experience. (businessinsider)
  • Half of all plug-in vehicles are sold in China. (wsj)
  • The pilot shortage isn’t getting any better. (seattletimes)
  • How close are we to building a bioartificial kidney? (wired)
  • Mikael Wood, "Today, it’s almost impossible to imagine modern country music without Petty, who finished the work the Eagles began when they blended rootsy acoustic instruments with tougher rock rhythms." (latimes)
  • In the US we have pathologized anxiety, (qz)
  • Is Facebook ($FB) simply too big to regulate? (nytimes)
  • Why you should watch the ‘Blade Runner Final Cut’ before seeing the sequel. (esquire)
  • Eight good reasons why you should take a simple approach to investing. (alephblog)
  • Tom Petty’s biographer, Warren Zanes, reflects on TP’s life and work. (slate)
  • It’s hard to underestimate the power of incentives. (farnamstreetblog)
  • Butter is back and its making billionaires. (bloomberg)
  • Our energy system is getting transformed in front of our very eyes. (sl-advisors)
  • Do we expect too much from the modern marriage? (wsj)
  • One of the biggest impediments to EV usage is charging times. (nytimes)
  • Biostatistics is a hot major. (magazine.amstat)
  • Fraternity members have lower GPAs but higher career earnings. (bloomberg)
  • How an AI machine learned to play poker and beat humans at their own game. (bigthink)
  • Grass-fed beef is no environmental panacea. (theconversation)
  • You can’t fight stress if you don’t recognize it. (hbr)
  • Hedge funds are pushing into less liquid markets to try and generate novel returns. (wsj)
  • Why are C-sections still so prevalent in the US? (theguardian)
  • Travel sports are eating up and spitting out families. (chicagobusiness)
  • There is no substitute for actual socializing. (nautil.us)
  • We are creating way too many PhDs who want to enter academia. (bloomberg)
  • How UBS Became Home to Half the World’s Billionaires (bloomberg)
  • The Futurism Industry’s Blind Spot (slate)
  • Why Warren Buffett feels comfortable owning truck stops for the forseeable future. (wsj)
  • Building a portfolio is in part like building a great team. (stockcharts)
  • A special report on the blockchain world including a look at how ‘smart contracts work.’ (spectrum.ieee)
  • In praise of fat. (bloomberg)
  • Your ‘hypo-allergenic’ moisturizer probably isn’t. (npr)
  • New Sonos speakers are coming so the Sonos PLAY:1 and Sonos PLAY:5 are on sale at Amazon. (theverge)
  • How Tom Petty inspired artists of all kinds including Spinal Tap. (bbc)
  • Don’t write off Wal-Mart’s ($WMT) efforts online yet. (barrons)
  • What liberal arts majors can do to land a job after college. (wsj)
  • "Blockchain tourists" are ruining things for the rest of us. (cnbc)
  • "Solar power grew faster than any other source of fuel for the first time in 2016.. (bloomberg)
  • The economic schedule for the coming week. (calculatedriskblog)
  • How Fake News Turned a Small Town Upside Down: At the height of the 2016 election, exaggerated reports of a juvenile sex crime brought a media maelstrom to Twin Falls — one the Idaho city still hasn’t recovered from. (nytimes)
  • This hybrid jet could change how we fly. (businessinsider)
  • The shrinking middle class is killing chains like TGI Fridays. (eater)
  • The rise of sour beer is causing a microbial arms race among brewers. (npr)
  • How loving kindness meditation can make you healthier, happier and kinder. (bigthink)
  • A succinct summary of the week’s economic events. (ritholtz)
  • Short, specialized degrees are an existential threat to the MBA. (ft)
  • Exercise is the ultimate drug. (theguardian)
  • Bob Lefsetz, "Tom Petty made art." (lefsetz)
  • Some first-hand experience with ketamine to treat depression. (melmagazine)
  • Corona is taking share from Budweiser. (wsj)
  • The best airline credit card is the Delta Reserve American Express Credit Card. (businessinsider)
  • Amazon ($AMZN) is thinking about getting into the retail pharmaceutical business. (cnbc)
  • One of the worst things an investors can do is ‘chase yield.’ (blogs.wsj)
  • Netflix ($NFLX) is raising prices. (theverge)
  • How to keep your brain from getting hijacked. (bakadesuyo)
  • A look at a self-serve bar where you buy beer by the ounce. (wsj)
  • Is your back pain just in your head? (vox)
  • Apple ($AAPL) is hedging its design bets more than it used to. (johnloeber)
  • Why do we all feel so guilty all the time? (theguardian)
  • Want to reduce your blood pressure? Jump in the sauna. (nytimes)
  • Hopefully more MLB teams extend their netting like the Yankees plan to do in the offseason. (businessinsider)
  • Wall Street strategists are finally getting bullish. (businessinsider)
  • Pie-by-the-slice is the new cronut. (npr)
  • Tony Isola, "Teaching is still the best job in the world." (tonyisola)
  • Eight Things Cryptocurrency Enthusiasts Probably Won’t Tell You (ofnumbers)
  • A bunch of Tom Petty covers from this week. (pastemagazine)
  • It’s hard to believe but the movie classic "The Princess Bride" is 30 years old. (npr)
  • ‘Urban mining’ will be a larger source of precious metals going forward. (asia.nikkei)
  • How warming seas may affect whales. (nytimes)
  • Aerobic exercise is the key to health. (businessinsider)
  • No Apple ($AAPL) doesn’t throttle the performance of your phone. (loopinsight)
  • Americans are unwilling to pay a premium for cage-free eggs. (buzzfeed)
  • Building a Better Coral Reef (nytimes)
  • We’ll never truly ‘own our own personal data.’ (bloomberg)
  • What its like to walk 28 miles with Wes Gray and bunch of investment-types. (nytimes)
  • On the psychological benefits of a Facebook ($FB) sabbatical. (om.co)
  • When given the option turn on two-factor authentication. (wsj)
  • Once you set up an eero you probably won’t think much more about it. (businessinsider)